Niagara Association of REALTORS®

The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 525 units in September 2026. This was a minor decrease of 1.3% (seven sales) from September 2025.

Home sales were 5.4% above the five-year average and 11.6% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 4,636 units over the first nine months of the year. This was a small reduction of 2.8% from the same period in 2025.

“Sales activity was trending at the lower end of the average range for levels typically seen in September,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “New listings were down year-over-year, but nonetheless still posted the fourth highest level on record for the month of September. The pullback in listings has continued to draw down inventories from levels that peaked in the spring of 2025. While still elevated by historical standards, sustained momentum in the right direction should hopefully bring back more balanced to our regional market next year.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $567,400 in September 2026, a decrease of 4.6% compared to September 2025.

The benchmark price for single-family homes was $590,700, a moderate decrease of 4.9% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $513,700, falling by 6.1% compared to a year earlier, while the benchmark apartment price was $355,400, a decline of 4.7% from year-ago levels.

The average price of homes sold in September 2026 was $656,045, decreasing by 2.2% from September 2025.

The more comprehensive year-to-date average price was $646,632, a decline of 4.5% from the first nine months of 2025.

The dollar value of all home sales in September 2026 was $344.4 million, down modestly by 3.5% from the same month in 2025.

The number of new listings saw a substantial decrease of 15.3% from September 2025. There were 1,510 new residential listings in September 2026.

New listings were 6.1% below the five-year average and 9.7% above the 10-year average for the month of September.

Active residential listings numbered 3,211 units on the market at the end of September, a large decline of 17% from the end of September 2025.

Active listings were 1.4% below the five-year average and 26.9% above the 10-year average for the month of September.

Months of inventory numbered 6.1 at the end of September 2026, down from the 7.3 months recorded at the end of September 2025 and above the long-run average of 4.7 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.